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American Pacific Reports Fiscal 2008 Results; Net Income Increases 80%
Date:12/11/2008

ome $8,951 $4,984 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation and amortization 16,454 19,461 Non-cash interest expense 637 2,142 Share-based compensation 127 75 Non-cash component of debt repayment charges - 2,309 Excess tax benefit from stock option exercises (481) (32) Deferred income taxes 3,355 2,102 Gain on sale of assets (416) 22 Changes in operating assets and liabilities: Accounts receivable, net (2,317) (5,712) Inventories 6,666 (7,622) Prepaid expenses and other current assets (1,510) (292) Accounts payable (349) 238 Income taxes (919) (63) Accrued liabilities (1,765) 2,621 Accrued interest (36) 1,637 Employee related liabilities (431) 2,622 Deferred revenues and customer deposits (4,664) 2,072 Environmental remediation reserves (1,145) (2,088) Pension obligations, net 277 1,677 Other (2,101) (2,015) Net Cash Provided by Operating Activities
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SOURCE American Pacific Corporation
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